Exclusive: Stage Stores seeks concessions from vendors to avoid bankruptcy - letter [Reuters]
STAGE STORES (SSI)
Last stage stores earnings: 3/7 06:30 am
Check Earnings Report
US:NYSE Investor Relations:
corporate.stage.com/investor-relations
Company Research
Source: Reuters
Exclusive: Stage Stores seeks concessions from vendors to avoid bankruptcy - letter NEW YORK (Reuters) - Stage Stores Inc ( SSI.N ) is asking vendors for more time to pay bills and other concessions as the discount department store chain seeks to avoid a bankruptcy filing because of the coronavirus pandemic, according to correspondence seen by Reuters. “We will require concessions from you, our vendor partners,” Chief Executive Michael Glazer and Chief Merchandising Officer Thorsten Weber said in an email to vendors on Monday. “We would not be reaching out to you today if these concession requests were not vital to keeping our company out of Chapter 11.” Stage Stores closed all its 738 stores and three distribution centers late last month, along with other “non-essential” retailers, as part of efforts to curb the spread of the novel coronavirus throughout the United States. The Houston, Texas-based discount department store operator also furloughed almost all of its store, field sup
Show less
Read more
Impact Snapshot
Event Time:
SSI
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SSI alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SSI alerts
High impacting STAGE STORES news events
Weekly update
A roundup of the hottest topics